That was when the market was dumping. That was fear and was the time to buy (compared to prices today). Now US is roaring back to 2019 prices in the opposite direction, which I feel is greed given the whole outlook.
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I wish I had your conviction, still hoping for another leg down based on past crisis. That said I have waited over a decade for the next leg down in the 2008/09 crisis.
Is there worse economic news to come, still seems like early days to me.Central banks going full retard, at what point will there be a loss of faith in currency? Everyone getting out of dollars and into shares would indicate a loss of faith already. Damn you Balance I was happy waiting a couple of months, now I am not sure again.
I expect the nzx to level out for a while before the situation develops and people have new information about the outlook.
Unfortunately I fear that the worst is still to come in the US. I sold down in a few stocks, but will stay out of the market until things stabilise.
Play this if the market is getting you down :
https://www.youtube.com/watch?v=5rOiW_xY-kc
You are not alone!
Anecdotally I've been hearing massive institutional selling from brokers and my wife tells me FB is full of people wanting to buy shares because they are cheap.